Pharos Energy (GB:PHAR) has released an update.
Pharos Energy has announced the purchase and cancellation of 67,871 ordinary shares as part of its ongoing share buyback program, which has seen the company acquire nearly 29 million shares since July 2022. The buyback initiative aims to optimize shareholder value by reducing the total number of shares in circulation. Investors interested in Pharos should note the company’s strategic focus on enhancing shareholder returns through this financial maneuver.
For further insights into GB:PHAR stock, check out TipRanks’ Stock Analysis page.
